Stock Market Today: Dow Leaps 800 Points
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The Dow logged its first record close of the year and bond yields fell after Federal Reserve Chair Jerome Powell struck an upbeat tone on a September interest-rate cut.
The Dow, S&P 500, and Nasdaq fell as the stock market looked ahead to the Federal Reserve's Jackson Hole Symposium.
The U.S. market is top-heavy, with Nvidia occupying a bigger weight than any company in modern history. Risks abound, our columnist says.
Oracle Corp. closed 9.39% below its 52-week high of $260.87, which the company reached on July 31st.
If the S&P 500 breaks below 6,200, that's a sign the stock market may be headed for a more serious decline, Bank of America said.
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